Paramount Communications Limited (BSE:530555) agreed to acquire Valens Technologies Private Limited for INR 19.8 million on August 23, 2023. Valens Technologies reported revenue of INR 280,762,401 as at March 31, 2023. The transaction is expected to close on August 31, 2023. Board of Paramount Communications have approved the acquisition of Valens Technologies.

Paramount Communications Limited (BSE:530555) completed the acquisition of Valens Technologies Private Limited on August 31, 2023.